(Bloomberg) -- U.S. Treasury Secretary Henry Paulson
has ``pussyfooted'' on the issue of the yuan, which hasn't risen
``fast enough,'' said Senator Charles Grassley, who's calling for
a bill to counter the benefits Chinese exporters are getting.
The law on determining currency manipulation ``gives the
secretary of Treasury too much leeway,'' Grassley said in an
interview from Washington yesterday. Some U.S. legislators deem
the yuan's 9.4 percent gain since the end of a dollar link in
July 2005 as insufficient to narrow the trade deficit with China.
Read more at Bloomberg Currencies News
has ``pussyfooted'' on the issue of the yuan, which hasn't risen
``fast enough,'' said Senator Charles Grassley, who's calling for
a bill to counter the benefits Chinese exporters are getting.
The law on determining currency manipulation ``gives the
secretary of Treasury too much leeway,'' Grassley said in an
interview from Washington yesterday. Some U.S. legislators deem
the yuan's 9.4 percent gain since the end of a dollar link in
July 2005 as insufficient to narrow the trade deficit with China.
Read more at Bloomberg Currencies News
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